Copper prices have surged past the $4.33 resistance level, maintaining their strong upward momentum. The rally has already exceeded the initial target of $4.54 and is now holding above the crucial 50% Fibonacci correction level, signalling further potential gains.
With key technical indicators supporting continued bullish movement, copper is poised for further appreciation. The market is expected to see prices climb towards $4.68 in the near term, with a potential extension to $4.81 over the medium term. The positive trend remains intact, reinforcing investor confidence in further price increases.
Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.
